5 Tips to Prepare for Your Property Settlement

I’m always on the hunt for relevant info and I loved this - one of the best articles I’ve seen on this topic for a while. Here are a few paragraphs as a taster...

A property settlement isn’t all about lawyers, banks, agents and conveyancers. It’s about making sure you are completely satisfied with the property before handing over your hard-earned cash. Here are five things you should remember to do before the big day.

Insurance

Haven’t organised insurance yet? Get it now! It can be a risky practice to rely on the vendor’s insurance cover (or lack thereof) if something happens to the property during the period from exchange to settlement. Having adequate insurance in place will give you peace of mind.

Keys, codes and passes

Make sure you organise who has the keys and when you can collect them from the agent or your legal representative. Also, make sure you have the alarm codes (if any) and instruction manuals. Some purchasers want to collect the keys that day from the agent; others have the keys delivered to their solicitor after settlement. By sorting out the logistics beforehand, you can enjoy your property sooner (without setting off any house alarms!).

Pretty valuable stuff, I’m sure you’ll agree! Why not check out the whole article here and share your thoughts with me afterwards: call (0400) 315 550 or email me at [email protected].

Thanks,

Christine